By Reuters Staff
2 Min Read
WARSAW, April 23 (Reuters) - Poland plans to build a zero-emission energy system in the next two decades, President Andrzej Duda said in remarks for the White House virtual climate summit on Friday.
The claim apparently runs counter to Poland’s energy strategy, which plans to cut the share of carbon-intensive coal in power production by 2040 but not eliminate it.
Poland was the only European Union member not to commit to climate neutrality by 2050 when the bloc set the target in 2019 and the government has long courted political support from interests in coal.
Faced with surging carbon emissions costs and pressure from the European Union, Warsaw has, however, taken steps to reduce the share of the fossil fuel in power generation and has said its forests can help to absorb carbon emissions.
By Reuters Staff
1 Min Read
WARSAW, May 7 (Reuters) - The initial public offering (IPO) of Polish pay-TV platform Canal+ Polska has been suspended, financial market regulator KNF said on Friday.
The move is the second setback in seven months for the company’s plans to go public. Late last year, it scrapped a planned IPO due to market volatility.
KNF declined to comment on the reasons for the latest suspension.
Canal+ Polska was not immediately available to comment.
In early November, Canal+ Polska had set a maximum IPO price of 60 zloty per share, valuing its planned IPO at 1.297 billion zloty ($342 million), only to call the deal off a week later.
By Reuters Staff
2 Min Read
WARSAW, April 29 (Reuters) - Poland’s climate ministry has extended a mining concession for the open-pit coal mine in Turow until 2044, outraging environmental campaigners, who said the move would worsen the climate crisis.
The decision comes as the Court of Justice of the European Union is poised to decide in early May whether the mine, located near the Czech and German borders, must close immediately, following a lawsuit filed by the Czech Republic in February.
The Czech Republic said Warsaw had violated the bloc’s law with an earlier extension of mining at Turow until 2026. Meanwhile, Czech residents close to the mine say it has contaminated drinking water and they have suffered from noise, dust and subsidence.
The takeover of Polish newspapers publisher Polska Press by state-run refiner PKN Orlen is legally binding despite a court's decision to suspend the regulator's approval of the deal, PKN chief financial officer said on Thursday.
By Reuters Staff
2 Min Read
WARSAW, April 22 (Reuters) - Poland’s government reached a compromise with trade unions on Thursday over a plan to gradually close coal mines by 2049, potentially bringing an end to a dispute over the scheme.
Poland is one of Europe’s biggest producers of coal, which is a major source of greenhouse gas emissions, and relies on the fuel for around 70% of its electricity production.
However, due to surging carbon emission costs and under growing pressure from the European Union, Warsaw has taken steps to reduce the share of the fossil fuel in power generation.
The scheme to shut down the last mine owned by Poland’s bigger coal firm PGG in 2049 was initially agreed in September, but trade unions demanded more clarity on severance pay, job guarantees and the impact on the southern coal region Silesia.